In consideration of an additional premium, it is hereby agreed that the exclusion "deliberate damage to or
deliberate destruction of the subject-matter insured or any part thereof by the wrongful act of any person or
persons" is deemed to be deleted and further that this insurance covers loss of or damage to the subject-matter
insured caused by malicious acts vandalism or sabotage, subject always to the other exclusions contained in this
insurance.
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CL266 © Copyright The Institute of London Underwriters
Where the subject-matter insured hereunder (or any apportionable part) becomes missing and after the lapse of a reasonable time has not been located, an actual total loss of the subject-matter insured (or any apportionable party) may be presumed. For the purposes of this insurance, there shall be deemed to have been the lapse of a reasonable time where delivery to the consignees’ or other final warehouse or place of storage at the destination named herein has not been effected within 90 days of the expected date of such delivery. If, after the payment by the Insurer(s) of an actual total loss as provided for above, this subject-matter insured or whatever may remain thereof is located, the ownership and all proprietary rights incidental thereto shall be vested is the Insurer(s) the subject-matter insured of whatever may remain thereof.